U.S. stocks fell sharply! The NASDAQ fell 3%, Apple lost the world's first market capitalization throne, and the "coin circle Moutai" also collapsed! Putin: No plans to enter a wartime state have been announced

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In the early morning of Beijing time on the 11th, U.S. stocks closed sharply, the Dow fell for the fifth consecutive trading day, and the NASDAQ fell by more than 3%. U.S. CPI rose 8.3% year-on-year in April, more than expected, suggesting that U.S. inflationary pressures have pushed consumers to the brink of collapse and threatened economic growth, reinforcing market expectations that the Fed will continue to aggressively raise interest rates. Biden said U.S. inflation remained unacceptably high.

As of the close, the Dow was down 326.63 points, or 1.02 percent, at 31,834.11 points; the Nasdaq was down 373.44 points, or 3.18 percent, at 11,364.24 points; and the S&P 500 was down 65.87 points, or 1.65 percent, at 3,935.18 points.

In terms of the situation between Russia and Ukraine, The governor of The Russian Belgorod Oblast near the Ukrainian border, Gladkov, said on the 11th that a village in the oblast was shelled from the direction of Ukraine, resulting in 1 death and 6 injuries. Russian media said that this was the first time since February 24 that there had been a fatality in The Ukrainian attack in Russia.

U.S. stocks go down SEC adds 11 Chinese stocks to the "pre-delisting list"

In the early morning of Beijing time on the 11th, the three major US stock indexes collectively closed down, the Dow fell 1.01%, the Nasdaq fell 3.18%, and the S&P 500 index fell 1.64%.

On the plate, the Internet, semiconductor, pharmaceutical sectors all fell, Roche fell more than 9%, Tesla fell more than 8%, Nvidia fell 5.5%, Qualcomm fell 3.3%, Intel fell 2.68%; Meta fell more than 4.5%, Microsoft, Amazon fell more than 3%, Apple fell 5.18%, the total market value lost the world's first throne.

Energy stocks bucked the trend, with ExxonMobil up 2.09 percent and Chevron up 1.49 percent.

Favourite Chinese stocks mostly closed lower on Wednesday, with the Nasdaq China Golden Dragon closing down 2.51 percent.

Suntech institutions rose more than 34%, Luckin powder single rose more than 10%, 36Kr rose more than 4%, Full Gang rose more than 3%, Ideal Auto rose more than 2%, Ctrip rose nearly 2%, Fog core technology, Zhongtong, Aurora rose more than 1%.

Daily Excellent Fresh fell nearly 20%, Qutoutiao fell more than 17%, Ninth City fell more than 15%, Qingke fell more than 14%, Best Group fell more than 13%, iQiyi, Jinshan Cloud fell nearly 12%, Together Education, Leju fell more than 11%, Boqi Pet, Canaan Technology fell by 10%, NetEase Youdao fell nearly 10%, Phoenix New Media, Siku, Maverick Electric fell more than 9%, Dingdong Buy Vegetable fell nearly 9%, Douyu, Weimei Hologram, new oxygen fell more than 8%.

On the news side, according to the official website of the Us Securities and Exchange Commission (SEC), it will include 11 Chinese stocks to join the "pre-delisting" list in recent days. The specific list is: New Oxygen, Antelope Enterprise, Love Click, Lujin Holdings, Cook Music, Lanting Jishi, Dingdong Grocery Shopping, Kingsoft Cloud, Didi, Qutoutiao and 51Talk. The above companies will need to provide evidence to the SEC by May 31 that they are not eligible for delisting. If it cannot be proved, it will be included in the "confirmed delisting list".

In Terms of European stocks, the three major stock indexes closed higher collectively. Germany's DAX30 closed up 2.15%, britain's FTSE 100 closed up 1.44%, and France's CAC40 closed up 2.50%.

U.S. oil rose 6% Gold and silver strengthened

In terms of commodity markets, international gold, silver and crude oil futures prices have strengthened.

West Texas Intermediate crude for June deliveries on the New York Mercantile Exchange rose $5.95 to close at $105.71 a barrel, up 6 percent, closing below $100 a barrel on Tuesday. Continental Exchange Euro futures exchange global benchmark Brent crude oil prices rose $5.05, or 4.9 percent, to $107.51 a barrel in July.

Natural gas rose 3.5% in June to close at $7.64 per million BTU units. Gasoline prices rose 4.1 percent to $3.6855 a gallon in June and heating oil prices rose 0.5 percent to $3.9512 a gallon in June.

Morgan Stanley analysts predict that Brent crude will reach $130 a barrel by the end of 2022 and U.S. crude will reach $120, noting that the fundamentals of this commodity remain strong.

Gold is temporarily off the three-month trough. Lunxi ended four consecutive declines out of the half-year trough, and Lun nickel hit a new low in the past two months in six days.

Bitcoin plummeted

Cryptocurrency Luna price crash

After two consecutive days of plunging, the price of the cryptocurrency Luna fell below $2 at one point, and its market value fell to $1.1 billion at one point. The UST fell below $0.21 at the lowest, in a state of serious decoupling from the dollar.

It is understood that ust is the third largest stablecoin in the cryptocurrency market, and its price has always remained floating around $1 before. Since May 10, UST has also plummeted, far from its "stablecoin" attributes.

Previously, Luna coin, which was once called "Coin Circle Maotai" by players in the coin circle, was recently bloodwashed, and it soared from the lowest point of $0.12 to $119.5, and also reached the highest market value of $41 billion (about 270 billion yuan). Among cryptocurrencies, Luna's circulating market capitalization once ranked fifth in the whole network.

Bitcoin also continued to move lower, and as of press time, bitcoin fell below $30,000 at $28,822.

A village in Belgorod Oblast, Russia, was shelled, killing 1 and wounding 6

In terms of the situation between Russia and Ukraine, The governor of The Russian Belgorod Oblast near the Ukrainian border, Gladkov, said on the 11th that a village in the oblast was shelled from the direction of Ukraine, resulting in 1 death and 6 injuries.

Gladkov posted on social media on the same day that the village of Soloshi in the oblast was shelled from the Ukrainian side. The attack killed 1 person, injured 6 others and partially damaged a house. Residents of the village of Solohi will be transferred to a safe location.

Russian media said that this was the first time since February 24 that there had been a fatality in The Ukrainian attack in Russia.

Gladkov said on the 5th that the two villages of Zhulavlyevka and Nekhotevka in Belgorod Oblast were shelled by the Ukrainian side on the same day, and some of the houses in the village were damaged, but there were no casualties.

Rossbank: Sanctions against Russia are expected to continue until 2024

On the 11th local time, the Russian central bank said that according to forecasts, the sanctions imposed on Russia and the measures restricting the import and export of Russian goods will continue until 2024. The Central Bank of Russia pointed out that by mid-2023, the Russian economy will adapt to the impact of most of the sanctions.

The Government of the Russian Federation has established a list of foreign companies involved in the special economic measures, which include 31 companies from the European Union, the United States and Singapore. According to a presidential decree signed by Russian President Vladimir Putin, Russian government agencies and companies are not allowed to conduct any transactions with listed companies.

Peskov: Russian President Vladimir Putin has no plans to declare Russia into a wartime state

On the 11th local time, Russian presidential press secretary Eskov said that Russian President Putin did not announce Russia's plan to enter a wartime state in the context of special military operations.

Peskov also said that the Russian-Ukrainian negotiations are still continuing, but they are very negative and fruitless.

With regard to the decline in the volume of gas transit from Ukraine, it said that the Russian side has been reliably fulfilling its contractual obligations for the supply of natural gas and will continue to do so.

Gazprom said on the 11th local time that at present, the Ukrainian side only provides a pipeline entrance for transit transportation of Russian gas. In this regard, the company's spokesman Sergei Kupyanov said that the Ukrainian initiative has seriously reduced the reliability of the company's natural gas transmission to Europe through Ukraine.

Integrated from e company, CCTV news

Editor: Ye Shujun

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